Just contacted my conveyancing lawyer in Castle Vale who acted for me two years ago and wanted a conveyancing quote based on the same type of house sale & purchase (a leasehold residence and a freehold premises) of similar values with a home loan from Accord Mortgages Ltd. It looks as though am now being charged twice the amount. Should I look for an alternative conveyancer?
The estimate does seem a little overpriced. If you shop around you could get the conveyancing a bit cheaper by perhaps £125. On the other hand, assuming were satisfied with the conveyancing the firm gave you couldlive to rue choosing an an unknown solicitor. Remember to be sure that the solicitor can also act for Accord Mortgages Ltd. You can make use of our search tool to choose a Castle Vale conveyancing firm on the Accord Mortgages Ltd approved list of lawyers, which can often include conveyancing solicitors in Castle Vale.
Can conveyancing in Castle Vale to be completed in under a month?
Where the seller is applying time constraints to complete it is advisable to make sure that your conveyancer is familiar with the location as they will have local relationships and insight. It is even conceivable that they would have transacted otherhomes in the same road. Therefore consider using a Castle Vale conveyancing firm. In addition, ensure that the lawyer is on the on the approved list for your mortgage company. It is estimated that 18% of Castle Vale conveyancing transactions are held up or jeopardised after finding out that a buyer’s lawyer was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the legal process being held up by as much as three weeks. It is understood that this issue impacts in the region of one hundred thousand home sales annually. Many Castle Vale conveyancing practices can not act for certain lenders so do check as early as possible.
I need some fast conveyancing in Castle Vale as I am under pressure to sign on the dotted line in less than one month. A mortgage is not required. Can I escape the need for conveyancing searches to save money and time?
As you are are a mortgage free buyer you have the choice not to do searches although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Castle Vale the following are examples of what can show up and therefore impact future saleability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Road Schemes,...
I am buying a new build flat in Castle Vale. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Castle Vale
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. Please confirm the Lease plans are architect prepared. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I am looking at a two maisonettes in Castle Vale both have in the region of forty five years unexpired on the leases. Will this present a problem?
A lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease gets shorter the value of the lease reduces and it becomes more costly to extend the lease. This is why it is generally wise to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage companies may be unwilling to lend money on such properties. Lease extension can be a protracted process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this arena.
Castle Vale Leasehold Conveyancing - Examples of Queries Prior to buying
For most Castle Vale leaseholds the cost for major works tend not to be built into the service charges, although there some managing agents in Castle Vale require tenants to pay into a reserve fund created for the specific intention of establishing a fund for major repairs or maintenance. Are there any major works anticipated that will likely increase the maintenance costs? How many years are left on the lease?